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2741  Economy / Economics / Re: Is corona virus crisis changing economical equations around the world? on: December 09, 2020, 04:12:05 AM
Yes, from two angles:

1. Geopolitically China will likely become even more dominant, while the US situation deteriorates daily. I don't expect China to overtake the US any time soon in terms of military, but in terms of social stability and economic prosperity China is better positioned.

2. Novel concepts such as MMT are being actively deployed by central banks and governments around the world to combat the recessions that have associated themselves with this "Great Lockdown". We could see a complete shift in paradigm when it comes to economic policy coming out of this crisis.

There is no doubt that the COVID 19 pandemic weakened the economies of the other nations and boosted that of China. US, EU, Japan.etc may take one or two years to recover completely, while the Chinese economy is in full swing. On top of that a pro-China president was elected in the United States, partly due to the impact resulted from the COVID 19 pandemic there. Things are looking good for China.
2742  Bitcoin / Bitcoin Discussion / Re: Why Investors Get BTC So Wrong, and What it Says About its strenghts on: December 09, 2020, 04:01:08 AM
Saying "it's easy to spin up another Bitcoin" is like saying "it's easy to spin up another Apple or Google".

Couldn't explain any better than this in just 20 words. Bitcoin came in to existence in 2008, and it was first mined in 2009. Thousands of altcoins/shitcoins/tokens came in to existence from that time onwards. But none of them was able to overtake Bitcoin, in terms of acceptability and market cap. Bitcoin was the original cryptocurrency, and nothing can change this fact.
2743  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP Rallied by 91% In The Last Month on: December 09, 2020, 03:50:11 AM
For a manipulated shitcoin such as XRP, it is not that hard to get a major rally. Only around 10% of the total supply is in free-float, and therefore it is much easier to manipulate the prices due to limited liquidity. But things can change, if the promoters (who hold 80% to 90% of the total supply) are going to dump some of their holdings in the market. If that happens, rather than a 91% spike, we will be getting a 91% dip.
2744  Other / Politics & Society / Re: [BET] Trump or not Trump 2020, eddie13 vs suchmoon on: December 09, 2020, 03:40:39 AM
^^^ But SCOTUS has already done the opposite.

All ballots after Nov. 3rd are NULL AND VOID

Today’s Situation Update covers the bombshells now getting catapulted into the election battle, with a legal analyst revealing that the U.S. Supreme Court has already ruled in 1997 (Foster v Love) that all ballots received after midnight of Election Day are null and void.

https://www.naturalnews.com/2020-12-08-situation-update-dec-8th-all-ballots-after-nov-3rd-are-null-and-void.html#

Cool

There is a catch here. Although the postal ballots were overwhelmingly favoring Joe Biden, from what I have heard, the late arriving postal ballots were more favorable towards Donald Trump. At least in states such as Arizona, Trump held a considerable margin with these late arriving ballots. So I don't think that it is going to make any difference in the outcome. Anyway, the total number of these ballots may not exceed a couple of thousands max, per state.
2745  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Pain of bounty hunters on: December 09, 2020, 03:28:46 AM
don't say like that and don't complain, this is already a risk in joining the bounty,
if you want to get a good bounty, you can go to the service section,
there are many bounties with bitcoin payments and of course it's legit.

Yes. There are a small number of signature campaigns that make the payment in Bitcoin, and you can find them in the services section. But the problem is that only 4-5 such campaigns are active right now and the number of available slots is very small. So unless you are a high-ranking member with good merit stats, your chance of getting a slot in any of these campaigns is really low. 
2746  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Pain of bounty hunters on: December 08, 2020, 06:40:17 AM
Bounty hunters got paid for the services rendered, they can do anything they want with their rewards and moreover not all bounty hunters are dumpers, some still prefers holding the coins and tokens they earned through bounties, whatever the end performance of a project is going to be is on the project quality itself

Nowhere in the world the employer can dictate to his employee, that he should not spend his salary for a specified period. Even if there is such a condition included within the T&C, it is not legal. So rather than blaming the bounty hunters for the dumping of tokens, the promoters should concentrate more on improving the quality of the project. No one would dump a token, if the project is a promising one.
2747  Other / Politics & Society / Re: US Elections 2020 - very self such moderated on: December 08, 2020, 06:28:49 AM
After Democrats spent four years harassing Trump and claiming his election was illegitimate, don't hold your breath. What comes around goes around. You've got 74 million against you, and they are not docile little sheeple that will get into line.

On top of those 74 million votes (would have been much more, if the opinion polls were honest), Democrats have to deal with a wafer-thin majority in the House (222-213), and a GOP majority in the senate. SCOTUS is having a conservative majority of 5-4, and GOP is on course to a House majority by 2022. Radical measures from Biden/Kamala may not get clearance from the Congress.
2748  Bitcoin / Press / Re: [2020-12-07] India’s Taxman Put Bitcoiners on the Hot Seat as Bitcoin Price Keep on: December 08, 2020, 06:15:52 AM
There are millions of cryptocurrency users in India, and gathering information about all of them is going to take many years. On one hand, they don't want to legalize cryptocurrency. And on the other hand, they want to tax gains from it. Both of these things won't go together. If they want to tax the gains, then they should first legalize and regulate Bitcoin and other cryptos. 
2749  Bitcoin / Bitcoin Discussion / Re: People Say btc is Not ponzi but its look like ponzi on: December 08, 2020, 06:03:18 AM
Bitcoin was used in various Ponzi schemes and we can't ignore this fact. Two of the recent mega-scams (Onecoin and PlusToken) have seen billions of USD worth of funds stolen from the unsuspecting investors. Since cryptocurrency was used in the scam, it became more difficult to arrest the perpetrators and confiscate the stolen funds. We need to admit this and concentrate on increasing the awareness among investors regarding potential scams.
2750  Bitcoin / Bitcoin Discussion / Re: Taxation of 30% on gains from Bitcoin investment? on: December 08, 2020, 05:52:36 AM
Indian Government has too many issue about crypto,from regulating to banning and now here again pushing the Bitociner to divert to other currencies.
but it is obvious that  since they are seeking for 30% taxation then they already knew how much money can accumulate allowing crypto in their economy.
but 30% is a BS decision if they will implement that and will affect also to bitcoin community.

30% is the normal income tax in India and therefore we can't term it as unfair. But if they regulate the cryptocurrency and make it 100% legal, then it will be a big boost for the sector in India. Because cryptocurrency users face a lot of issues, due to the unclear legal status. Being a regular visitor to India, I have faced issues multiple times, while attempting to trade in cryptocurrency.  
2751  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: December 08, 2020, 05:25:48 AM
Disastrous batting performance by the Indians. With just one wicket remaining, they are leading by just 102 runs. And this was after a good start by Shubman Gill and Prithvi Shaw. Steketee has 5 wickets to his name till now, with a chance to get 6. Cameron Green also managed to pick two wickets (and that too crucial ones, of Gill and Shaw). Vihari and Rahane got starts, but they got out before they could get to 30.
2752  Economy / Gambling discussion / Re: Indian Super League (ISL) Football match updates, predictions and discussions on: December 08, 2020, 05:13:31 AM
The match between Mohun Bagan vs Jamshedpur is ended. Jamshedpur won the match by 2-1 goal. The match was very exciting. At least I really enjoyed the match. Jamshedpur's striker Valskis played very well in today's match. He scored the only two goals for Jamshedpur.

Well.. I had warned everyone that their foreign players are in great form, especially Nerijus Valskis. First defeat for ATK Mohun Bagan. Hopefully, they will be less complacent in their next match. BTW, today we have Bengaluru FC vs Northeast United. Bengaluru has been a big disappointment so far (although they won their last match). A win would go a long way in boosting the morale of the players, as well as that of the fans.

2753  Economy / Gambling discussion / Re: Japan becomes more friendly towards Gambling on: December 08, 2020, 05:03:32 AM
That is awesome.

I don't know how many tourists go to Japan to visit their casinos but that might help their economy since that might invite some gamblers although as I said, I don't know the percentage of those tourists visiting Japan for their casinos. I don't think other countries as well would benefit from it since I don't think they would implement these especially those countries that earned a lot of taxes from casinos or gambling.

Japan is not really famous for its casinos and being a highly expensive destination (if we take in to account the hotel rent, conveyance.etc) I don't expect a lot many tourists would visit Japan just for gambling. I have a feeling that these measures are mostly directed towards Japanese nationals. A lot of Japanese citizens travel to destinations such as Macau, in order to visit casinos. The government want them to visit the Japanese casinos.
2754  Bitcoin / Bitcoin Discussion / Re: Who has held bitcoin for more than 5 years? on: December 08, 2020, 04:28:13 AM
Misconceptions I think many people are having is that holding is the only thing to do once you've invested into something. But that's absolutely wrong. The market price is not continuously and consistently increasing over time. Market analysis is needed in order for an investor or user to make decisions whether to invest or sell at a certain point because that would generate income not holding alone. Profit from holding for years won't be as big as profit from selling at certain price points, "bullish market" times to be specific. The will be losses to some cryptos because not all cryptos are having price increase especially the small ones in this industry.

May be that is true. But I am someone who regret the fact that I sold most of my coins when the prices were low. In theory, it is always profitable to sell at spikes and buy at dips. But in reality this is never practical, as we never know what will be the peak price and when the coin will bottom out. Anyway, I have learnt my lesson and I am keeping most of my remaining coins for the long term.
2755  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: December 08, 2020, 04:15:43 AM
I like Saini as a bowler and i think he could do very well in the international cricket. May be it would be good if he's training under likes of Dravid or Zaheer so that he could learn to keep his emotion and raw pace in check otherwise Virat's influence could turn him into another Umesh Yadav in the limited over cricket.

Both Dravid and Zaheer are known as mild natured and I don't know whether Saini would be able to adjust working with them. Aggression, up to some extent is good. But when someone repeatedly bowls beamers directed at the batsmen and then refuse to apologize, then the term is not "aggression". It is more like bullying rather than aggression. Saini is not the fastest bowler in the world. We had legends such as Curtly Ambrose, Alan Donald, Glenn McGrath and Courtney Walsh in the international cricket scene two decades ago. They never bowled intentional beamers even once in their career. But that didn't prevented them from winning matches for their team.
2756  Economy / Gambling discussion / Re: Indian Super League (ISL) Football match updates, predictions and discussions on: December 07, 2020, 07:43:50 AM
Today's only match is Mohun Bagan vs Jamshedpur.
ATK Mohun Bagan has not lost a single match so far. On the other hand, Jamshedpur have yet to win a match. I think mohun bagan will win today's match too and will rise to the top of the rankings.

Although it is true that Jamshedpur FC is yet to win any match, you should not forget the fact that they have a very well balanced side. Their foreign players are in very good form (Nerijus Valskis/Peter Hartley/Stephen Eze/Alex Lima), and they have some of the most promising young Indian players such as Jackichand Singh, Isaac Vanmalsawma, Laldinliana Renthlei and William Lalnunfela. It is going to be a tight match.
2757  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: December 07, 2020, 06:32:18 AM
Indian or Australian both teams openers aren't playing well. Two Indian openers have been dismissed for zero runs. And 2 Australian batsmen have been dismissed for 1 and 4 runs respectively. But the good things is ,the young bowlers of both the teams are playing well.

It was disappointing for Will Pucovski. A good performance in this match could have ensured a test cap for him. But Cameron Green's performance would have got noticed by the Australian selectors. He made the century withstanding difficult ground conditions, against a quality bowling attack. Similar to Pucovski, he is also another exciting young talent for Australian cricket.
2758  Bitcoin / Bitcoin Discussion / Re: Who has held bitcoin for more than 5 years? on: December 07, 2020, 06:22:08 AM
Thanks for the elaborated input!
So from 2016 to date, you have not bought any only selling?


I feel like during the downs, most have sold out. The whales scoped up and took it to new highs and when fomo kicked in, average joes jump back in and the whales dump the coins and the cycle starts again.

People who held onto Bitcoin for more than 5 years are the true believers. Everyone else are only speculating and only get stung by the big players.

The last time I purchased Bitcoin was in 2012 (at that time, the exchange rate was around $10 per coin). Occasionally I received coins through signature campaigns and other avenues, but never purchased any after that date. I regret that I sold most of my coins when the prices were low, but you run out of patience after so many years. Fortunately, I still have some coins remaining in my wallet and I am happy for that.
2759  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Gamblers! What is your excuse to avoid a game with 0% House Edge? on: December 07, 2020, 06:12:35 AM
Gambling is a great opportunity to verify it's fate. But 0% house edge gambling is scam. Because there is no gambling site is not a charity firm. So 0% house edge is not possible a real gambling site. People should avoid 0% house edge gambling.

I would not label these sites as scam right away. There is a chance that they are offering it as a part of the promotional campaign. Or there is a chance that they have an alternate source of income, such as advertisement revenue. But I agree that in the long term, it is very difficult for any gambling site or online casino to remain profitable, with 0% house advantage.
2760  Bitcoin / Bitcoin Discussion / Re: Who has held bitcoin for more than 5 years? on: December 07, 2020, 05:58:08 AM
Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!


I first purchased BTC in 2012. The during 2012-2013, I received a lot of BTC from various faucets and other give-away sites such as Rugatu, Bittrivia and Bitcointalk signature campaigns. Unfortunately, in 2013 I lost around 60% of my coins when LitecoinGlobal closed down. And again, in 2015 I was facing some financial hardship and I had to sell around 75% of my remaining BTC for $200 per coin.

Then from 2016 to current date, I continue to sell some of my remaining coins.

Now I have around 10% of the coins that I held in 2013.
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